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Burkinabe economy: 2023 review, 2024 perspective

11/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On January 6, a press conference was held to assess 2023 and perspective 2024 initiated by the Directorate-General for Economy and Planning (DGEP) in Burkina Faso. The various regional central directors were present.

During the press conference, the DGEP reviewed its productions in 2023, on the conduct of exploratory studies and the monitoring and evaluation of public policies. Indeed, according to the DGEP report, economic activity in 2023 saw an acceleration in its growth rate compared to 2022. The real GDP growth rate would increase from 1.8% in 2022 to 3.6% in 2023. This growth would be driven by the tertiary sector with a contribution to growth of +2.2%, the secondary with +0.9 and the primary with +0.5%, according to the words of the Director General of Economy and Planning, Dr. Larba Issa Kobyagda

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As for the prospects, in 2024, the government plans to launch the Economic Recovery and Recovery Plan through the DGEP. Thus, economic activity would grow by 5.5% in 2024, driven by all the tertiary (+7.0%), primary (+5.1%) and secondary (+4.5%) sectors

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